Voluntarily Disallowance of CSR Expenditure u/s 37(1) by Assessee: ITAT deletes Income Tax Addition [Read Order]

Disallowance - CSR Expenditure - Assessee - ITAT - Income Tax Addition - taxscan

The Income Tax Appellate Tribunal (ITAT), deleted addition on the ground that there was voluntary disallowance of CSR under Section 37(1) of the Income Tax Act, 1961 by the assessee, Agappe Diagnostics Limited. The assessee company is engaged the business of development, manufacturing, sale and distribution of in-vitro diagnostic reagents and equipment and rendering of…

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